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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #10,501
  • Sep 21, 2011 5:51am Sep 21, 2011 5:51am
Hi guys, I honestly think gold would drop too, if price doesnt crack through supply level. If it does, it would make a beautiful double bottom chart formation.

attached are s/d zones on h4 chart.

how do you guys think the fomc statement would affect the price?
Attached Image (click to enlarge)
Click to Enlarge Name: coolness.gif Size: 26 KB
Have I got something on my face, SOLDIER?
  • #10,502
  • Sep 21, 2011 5:57am Sep 21, 2011 5:57am
Quoting bumapatria
Hi guys, I honestly think gold would drop too, if price doesnt crack through supply level. If it does, it would make a beautiful double bottom chart formation.

attached are s/d zones on h4 chart.

how do you guys think the fomc statement would affect the price?
fomc will be +ve for gold.
  • #10,503
  • Edited 6:18am Sep 21, 2011 6:05am | Edited 6:18am
Quoting whatfx
sorry, i dont get this. i see only about 25 pips gained in the table you have attached. so not sure what you are saying.
perhaps you could illustrate your method so that we can understand, by giving some examples of trades and what you did, and indeed how you got to 3500 pips in one day !


25 pips gained ? What value is your 1 pip? Mine is 1.7 CZK (0.1$)- 0.1 Lot.
And When I open buy on 1800 and close on 1810 its 1000 pips.right?
  • #10,504
  • Sep 21, 2011 6:20am Sep 21, 2011 6:20am
quick update on XAU USD

The PA pretty much still contained by the indecision zone, I will only look for shorts upon clean break of TL as indicated @ 1790-1792 area. I'd say if we do break targets sit @ 1758-1762 initially. However still focus remaind on the resolution to the upside, IMV.

http://img64.imageshack.us/img64/723...sd21092011.png
  • #10,505
  • Sep 21, 2011 6:23am Sep 21, 2011 6:23am
Quoting Ravissek
25 pips gained ? What value is your 1 pip? Mine is 1.7 CZK (0.1$)- 0.1 Lot.
And When I open buy on 1800 and close on 1810 its 1000 pips.right?

I don't have a clue what a pip is meant to be...

Why don't we all just get in the habit of saying "I made (or lost) $10......"

Wouldn't that be easier?????

beeb
  • #10,506
  • Sep 21, 2011 6:23am Sep 21, 2011 6:23am
Quoting ruffryders
quick update on XAU USD

The PA pretty much still contained by the indecision zone, I will only look for shorts upon clean break of TL as indicated @ 1790-1792 area. I'd say if we do break targets sit @ 1758-1762 initially. However still focus remaind on the resolution to the upside, IMV.


Already shorting. u dont feel that its not ta speaking safe to short now?
Have I got something on my face, SOLDIER?
  • #10,507
  • Sep 21, 2011 6:25am Sep 21, 2011 6:25am
Quoting Ravissek
25 pips gained ? What value is your 1 pip? Mine is 1.7 CZK (0.1$)- 0.1 Lot.
And When I open buy on 1800 and close on 1810 its 1000 pips.right?
I don't think of gold and silver in terms of pips more the $USD change of the move. So when you say 1000 pips you mean a $10 move right?
Anything can happen.
  • #10,508
  • Sep 21, 2011 6:29am Sep 21, 2011 6:29am
possible evening star on h4.
Have I got something on my face, SOLDIER?
  • #10,509
  • Sep 21, 2011 7:02am Sep 21, 2011 7:02am
Quoting Ravissek
25 pips gained ? What value is your 1 pip? Mine is 1.7 CZK (0.1$)- 0.1 Lot.
And When I open buy on 1800 and close on 1810 its 1000 pips.right?


?????


i have given up !

iam based here in the u.k., so iam not sure how you guys do your maths. and what mini-lot, large-lot, big-lots , big baby-lots etc mean !

it would be best if you just state how much of a move you made, in terms of say 1 pip move ON THE CHART.

  • #10,510
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
Quoting ddinnov
I don't think of gold and silver in terms of pips more the $USD change of the move. So when you say 1000 pips you mean a $10 move right?
Yes. Ok so yesterday I made 247$
Today 100$
What about you guys?
  • #10,511
  • Sep 21, 2011 7:03am Sep 21, 2011 7:03am
are any of you people short on gold yet. iam holding back for the time being.
  • #10,512
  • Sep 21, 2011 7:08am Sep 21, 2011 7:08am
Quoting Ravissek
Yes. Ok so yesterday I made 247$
Today 100$
What about you guys?

ah ! finally !

thats much better.

me personally, yesterday i made 40 pips on gold.

thats £300 british pounds in total. (£5 per pip on first trade, £10 per pip on second trade).


£300 for me to spend as and when i please.....
  • #10,513
  • Sep 21, 2011 7:12am Sep 21, 2011 7:12am
Quoting whatfx
are any of you people short on gold yet. iam holding back for the time being.
long time ago.

here:
Attached Image (click to enlarge)
Click to Enlarge Name: gold short.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #10,514
  • Sep 21, 2011 7:14am Sep 21, 2011 7:14am
Quoting Tilf
My fondness for line charts continue lol. Candle sticks on the daily look really ugly at the moment. ..........
Agree line on close charts can be a lot of clearer sometimes.

Depends on which closing price is used. My chart based on NY time:
Attached Image (click to enlarge)
Click to Enlarge Name: XUvol.png Size: 21 KB
  • #10,515
  • Sep 21, 2011 7:15am Sep 21, 2011 7:15am
I see we are finding some resistance in the 1815 area....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,516
  • Sep 21, 2011 7:15am Sep 21, 2011 7:15am
SP going down after testing the gap twice.

Is that a vote for longs on gold???
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.gif Size: 9 KB
  • #10,517
  • Sep 21, 2011 7:17am Sep 21, 2011 7:17am
Quoting XTrade
I see we are finding some resistance in the 1815 area....
yea evening star.

What would happen to gold if Eur/usd became a bullish market and goes to 1.4000?

Would people be selling their gold, or more buyers?

im guessing more buyers if the dollar rate becomes lower, no?
Have I got something on my face, SOLDIER?
  • #10,518
  • Sep 21, 2011 7:18am Sep 21, 2011 7:18am
Quoting Ravissek
Yes. Ok so yesterday I made 247$
Today 100$
What about you guys?
2K this week...
  • #10,519
  • Sep 21, 2011 7:18am Sep 21, 2011 7:18am
Quoting bumapatria
long time ago.

here:

good call.

iam hesitating in taking shorts, as i had promised myself not to go short whilst the overall look was bullish. as i had my fingers burnt on a short trade in the past.

but now i think the time has come to break my promise. i will have to enter a short pretty soon, as the outlook is defo bearish (as per my own predictions). so short trades, here i come.
  • #10,520
  • Sep 21, 2011 7:21am Sep 21, 2011 7:21am
Quoting SunTrader
Agree line on close charts can be a lot of clearer sometimes.

Depends on which closing price is used. My chart based on NY time:
My chart is based on the MT4 quote provider and therefore the difference. Overall, 1750-1790 is a major support area for a long term rally base.

added: a move down prior to announcements is usually a bullish sign because it happens prior to huge moves (to slightly neutralize the move)
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